Bernie Madoff Is Where He Belongs! The Billions That He Stole Isn't,Though!

Bernie Madoff's victims are infuriated that he has not said where their $50 billion went! He plead guilty,so he probably won't ever reveal that pertinent information to any outsiders.But since I think his family was in on the whole Ponzi scheme,I'm sure they've got a pretty idea where some of it's at.Bernie Madoff isnt'the only one that made off with the dough! But for now,he's the only one taking the rap!

I found this interesting little tidbit!.According to this Yahoo article,some folks invested with him because they knew that he was dishonest.There was definitely some greed on the investors part as well.Here's more on that:

"Specifically, we're hearing that the smart money knew Bernie had to be cheating, because the returns he was generating were impossibly good. Many Wall Streeters suspected the wrong rigged game, though: They thought it was insider trading, not a Ponzi scheme. And here's the best part: That's why they invested with him.

For years and years I've heard people say that [Bernie's] investment performance was too good to be true. The returns were too steady -- like GE earnings under Welch -- and too high given the supposed strategy.

One Madoff investor, himself a legend, told me that Madoff's performance "just doesn't make sense. The numbers can't be straight." Another sophisticated Madoff investor actually went through trade confirms in order to reverse-engineer the strategy and said, "it doesn't add up."

So why did these smart and skeptical investors keep investing? They, like many Madoff investors, assumed Madoff was somehow illegally trading on information from his market-making business for their benefit. They didn't consider the possibility that he was clean on that score but running a good old-fashioned Ponzi scheme."(END OF EXCERPT)Read the rest here.